BEIJING | Global stocks, oil slip after Fed points to more rate hikes
BEIJING — Global stocks and the price of oil fell Friday after the U.S. Federal Reserve suggested it will keep raising interest rates, tightening the supply of money that has supported markets in recent years.
KEEPING SCORE: Germany‘s DAX lost 0.7 percent to 11,442 and France’s CAC 40 lost 1.1 percent to 5,077. London’s FTSE shed 0.9 percent to 7,076. On Wall Street, the future for the Standard & Poor’s 500 index was off 0.6 percent and that for the Dow Jones Industrial Average declined 0.5 percent.